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Geelong Community Foundation Annual Report 2012/2013 Your Partner in Philanthropy OUR CORE PURPOSE Page 2 The Geelong Community Foundation exists to make a positive and Our Structure lasting difference to people in the Geelong region. The Foundation has been endorsed by the Australian Tax Office as Our Role a charity. Donations to the Foundation’s Gift Fund are tax deductible The Geelong region has needs which are not being met from and the Foundation is exempt from tax. other funding sources. The Geelong Community Foundation The Foundation has been set up to support the people living in the encourages individuals, families, business and other organisations City of Greater Geelong, the Borough of Queenscliffe, the Surf to make donations to meet these needs, now and in the future. Coast Shire and the southern part of the Golden Plains Shire. These donations are retained as capital by the Foundation to build a perpetual and substantial fund for philanthropic purposes, with the The Foundation is governed by a volunteer board of Directors, with income from this capital used to make local community grants. a wide range of skills, experience and an extensive knowledge of the community. The Foundation is able to support charitable organisations across Our Major Aims the full spectrum of health and welfare services, as well as cultural • Manage and invest funds prudently to achieve fund growth and programs and environmental projects. good returns • Make grants for the long-term benefit of our community and evaluate their effectiveness • Provide a simple, cost effective way to make substantial donations to our community • Be part of new initiatives and achievements in community building • Maintain the highest professional standards, service and transparency to the community Geelong Community Foundation Brand The Geelong Community Foundation logo was designed to represent a contemporary approach to an age-old ideal of helping those in need, to give a hand up, rather than a hand out. The circles of the logo represent the circle of life, highlighting the CONTENTS broad spectrum of the Foundation, assisting those in need. The colours represent Geelong’s blue and white, with gold representing a community reserve of assets, a corpus, to be built up over time to enable grant giving to meet community needs. Chairman’s Report ............................................................................3 The graphics depict an overhead view of a larger person, caring and At a Glance ......................................................................................... 5 embracing a smaller person. Executive Officer’s Report .......................................................... 6 This is personified by Colonel Sir Ernest Edward “Weary” Dunlop, (1907 - 1993), an Australian surgeon who was renowned for his Our Named Funds ..........................................................................12 leadership while being held prisoner by the Japanese during World Board of Directors ..........................................................................24 War II. He taxed fellow officers to build a small bank to buy medical supplies and food, saving the lives of many hundreds of men, and he Board Committees .......................................................................26 ensured that the strong looked after the weak, the young looked after Become a Donor ............................................................................. 27 the old. Foundation Donors 2012/13 ....................................................... 27 Barton van Laar Financial Statements ....................................................................28 Former GCF Director CHAIRMAN’S REPORT Page 3 On behalf of our Board of Directors I am very pleased to present Last year we awarded our first bursary from the Ron Thompson the thirteenth Annual Report of the Geelong Community Scholarship Fund. This year we were able to award bursaries valued Foundation (GCF).This has been our first year of operation under at $500 to two students at Oberon High School and the Scholarship Australia’s new national charity regulator, the Australian Charities fund has grown this year from $43,000 to $60,000 with the addition and Not for Profit Commission (ACNC). Overall the year has been of two new Named Funds. a very successful one with an increase in funds distributed for grants This year we again participated in the Foundation for Rural and as well as significant growth in Named Funds and total capital. Regional Renewal’s “Sidney Myer Back to School Program.” We It has been an eventful year with a Donor Luncheon at The Pier and distributed 1400 Vouchers each valued at $50 for a total of $70,000 the Adroit Golf Day in November, The Seekers Concert in April to 41 Primary and Secondary schools in the Geelong region. and a Gala Dinner in May. Through these vouchers we assisted approximately 1800 students from around 1180 families, enabling them to purchase items such as shoes, clothing and stationery at Target stores for the start of the 2013 school year. We thank the Glover Foundation for their continued support of this program. In March the Foundation launched the Schools in Philanthropy Program, an initiative involving senior students from three secondary schools: Belmont High School, Sacred Heart College and Christian College. The program enabled the students to learn about philanthropy and make recommendations to the GCF Board regarding funding allocation for nine grant applications received by the Foundation. Feedback from the schools, students, parents and agencies indicated that this had been a valuable initiative and one DONATIONS which the schools want to continue in the years ahead. Substantial donations have been added to the Antony, Coppe, More details of these events appear in the Executive Officer’s report. Dimmick, Dowling, Edwards, Fagg, Fraser/Brownbill, George, Hayden, HDL, Henderson, Hudson, Hussain-Yusuf, Kavanagh, At our Grant Reception held in June, a new record amount of Keogh/Sweetapple, Lawrence, Peacock, Torney, Synot, van Laar funding for grants of $656,000 was announced, an increase of 19% and WAM Funds as well as the Les & Trevor Cole Fund, Lake over last year’s distribution. These grants will assist 45 agencies with Imaging Fund, McHarry’s Buslines Fund, Wheeler Investment their community work and details of these grants are also covered in Services Fund, Whyte Just & Moore Fund and Adroit Insurance our Executive Officer’s report. Group’s Fund. We again thank all these donors for this wonderful The annual financial accounts show that the Foundation Gift Fund ongoing support. was valued at $9.29 million and the Open Fund $5.82 million for a Seventeen new Named Funds were started this year and they total of $15.11 million at 30 June 2013. The main contributors to our are: Corless Family Fund, LBW Chartered Accountants Fund, growth have been $1.47 million from new gifts, profit on the sale of Williamson & Baulch Families Fund, Louise Gourlay Fund, H & M investments of $883,000 and growth in the value of our investments Munday Fund, Frank Costa Fund, Robin and Marjorie Gray Fund, of $288,000. Our Investment committee has to be congratulated for Adabrae Fund, PA Caldwell Fund, Lesley Taylor Fund, Brockman maintaining faith in equity markets to benefit from improvement in Family Fund, Surfcoast Charitable Fund, Dorothy Jean Scholarship the market as well as ensuring generation of income to maintain and Fund, Tom Cleary Memorial Scholarship Fund, Deam Family Fund, grow grant funding. Rotary Club of Highton Fund and the Backwell IXL Fund. Trevor The Foundation received a wonderful gift in December from the Cole’s name has been added to the Les Cole Fund. late Lesley Yvonne Taylor’s Estate. Lesley lived in Geelong and was We thank these new named fund donors. It is these donors, along Head of the Physiotherapy Department at the Geelong Hospital with the ongoing support from existing named funds donors, who for 25 years. In her will she designated that 75% of her estate be enable us to generate the long term growth and income which distributed to the Geelong Community Foundation so that the creates success for our ongoing community work. funds could work on in perpetuity in the community she lived in and served so well. A major boost to the Foundation’s capital came We now have a total of 81 named funds growing their philanthropic in December with a cheque for $921,000. We acknowledge and activities in our region. A list of all Foundation donors during the thank Lesley Taylor for this major gift and her name will live on in year appears later in this report. We thank all our donors for their perpetuity as a major benefactor. generosity and support of the Foundation. Geelong Community Foundation ANNUAL REPORT 2012 / 2013 Page 4 GRANTS Across Australia, Community Foundations are continuing to grow The mission of the GCF is to make grants for the long term benefit and develop as a local and effective form of philanthropy. The GCF of our community from the income generated on the assets in is the third largest Community Foundation in Australia and is well the Gift and Open Funds. Details of the $656,000 in new grants respected by all. announced this year are given in the Executive Officer’s report. We are particularly proud to have met our major Strategic Planning Through our work we are in contact with many agencies and objective to have a capital fund of $15 million by the end of financial organisations in our region. We use this liaison to maintain an year 2012/13. We are currently developing our new Strategic plan for understanding of current and developing needs in our community. the next three years. We are also in contact with and work with a number of Foundations If you, as a reader of this report, can continue to build your support based in Melbourne and Sydney and, where required, we co-fund of the Foundation, we welcome it. If you are not already supporting projects in our region. the Foundation but would like to do so, please contact me, the Development Manager or any of the Directors to discuss how you BOARD can support the Foundation and our work in the community.
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